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After assessing market feedback, Fastmarkets is extending the consultation period for its proposal to amend specifications of its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.
Here are the four key takeaways from the US scrap market participants of our June survey
US construction contractors – including for residential, commercial and manufacturing facilities – have reported long delays and unpredictability in obtaining electrical transformers. This is due to inadequate electrical steel supplies amid missing investment decisions in the US to expand production of the material
Fastmarkets forecasts that global steel production will grow at an average annual rate of 1.4% through the end of the decade so ‘green’ steel production methods need to keep pace
The publication of Fastmarkets’ assessments for the nickel briquette premium, delivered Midwest US and the nickel 4×4 cathode premium, delivered Midwest US for June 4 were delayed because of incorrect methodology application.
Chinese rare earth export prices moved lower over the past week, in line with falling domestic prices driven by suppliers cutting offers in response to continued weak demand from the downstream magnet sector
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